Salt Lake Telegram | 1932-06-29 | Page 14 | Has Alaska a Mount of Gold?

HAS ALASKA A AMOUNT MOUNT OF Expert View Is That Big Tonnage Ton Ton- nage of 3 Rock RockWould Would Pay The story of a mammoth gold find m in Alaska carried by both of the major news services is received with conflicting opinions in Utah mining circles The reports locate locale the discovery near Cordova and only two and one one- half miles from the government railroad railroad rail rail- road One service estimates the quantity quan of ore available at million tons or more Another service that does docs not go into tonnage puts the of the body at 1800 feet wide 1500 feet high and depth Both place the average value of the content at 3 a ton A glacier is said to have torn off one side of a mountain moun moun- tam tain and exposed the deposit According to the United Press re report report re- re port the mineral occurs as a In the past tellurium ore of 3 grado has not been regarded as commercial commercial commer commer- cial but the advent of flotation has changed metallurgical costs in many respects and might do so In the case of the Alaska deposit Asked for an opinion on the commercial corn com mercial aspect of the find if correctly reported W V. J. J OConnor O'Connor general manager of the American Smelting Refining company's Utah properties proper proper- ties said The report is interesting anyway Assuming that the deposit is big enough to be worked with steam shovels shovels els it might be mined for 50 cents a aton ton Though tellurium ore formerly had to be roasted to release the gold flotation provides a cheaper method of separation On the face of the story there is no evidence of Such an influx of new gold would In the opinion of bankers make short work of the world depression Those of a cynical turn of mind see in the story a goldbug plot to divert the public pub pub- lie lic from its demand for a greater money supply through the valorization tion of silver